Vintage Patriots Cufflinks - New Release
From first downs to touchdowns, sport the Vintage Patriots Cufflinks on your cuffs to score big fashion points and support your favorite NFL team. The team's iconic vintage logo of a red, white, and blue Patriot is detailed in enamel on a round, silver tone metal setting, offering you a unique way to show your team spirit. Let your devotion to the New England Patriots infiltrate your wardrobe in the most dapper way. Officially licensed NFL cufflinks. Approximately 3/4" in diameter, Silver tone plated base metal and enamel, Bullet back closure, Officially licensed by the NFL, Presented in Official NFL gift packaging with turf interior,
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^. * Q3 GDP +6.5 pct y/y (f’cast +6.6 pct, prev +6.7 pct). * Q3 GDP +1.6 pct q/q (f’cast +1.6 pct, prev +1.7 pct). * September industrial output +5.8 pct y/y (f’cast +6.0 pct). * September retail sales +9.2 pct y/y (f’cast +9.0 pct). * Jan-September fixed asset investment +5.4 pct y/y (f’cast +5.3 pct). * Sept property investment +8.9 pct y/y vs +9.2 pct in August - Reuters calculation. Asian stock markets and China's shares fell after the data. The Australian dollar AUD=D4, seen as a liquid proxy for China demand, was steady.
RYAN FELSMAN, SENIOR ECONOMIST, COMMONWEALTH BANK OF AUSTRALIA, SYDNEY, “The thing that stands out is the fact that the overall GDP growth for the quarter at 6.5 percent is bang in line with the Chinese target for the end of the year, “The overall headline number will dominate of course the fact that it is the slowest since 2009, but it’s a little bit mixed underneath and the consumer side looks a bit more positive than perhaps people expected, “We had certainty seen a weakening in net exports, So domestic demand and new export orders have declined, That’s been fairly obviously flagged in the purchasing manager’s indices we’ve seen, So that wasn’t a great surprise, There has vintage patriots cufflinks been some front-loading with regard to exports in advancement of tariffs..
“But the full impact of tariffs probably won’t come through until 2019.”. SELENA LING, HEAD OF TREASURY RESEARCH AND STRATEGY, OCBC BANK, SINGAPORE. “Right now, the numbers suggest that the front-loading is still happening ahead of the tariffs and this is a continuing story. It doesn’t show the full impact of the trade war. “2019 will be the year where we see the full brunt of the U.S. tariffs, if they do pass. Based on our modeling, if tariffs on the full $505 billion come to pass, then the downside risk is that growth may drop below 6 percent. In the worst case scenario, we are looking at 5.4 percent next year, which is unchartered territory for China.
“Basically, China is using many policy tools, their policy makers are juggling a lot of balls, Not only vintage patriots cufflinks do they have to mitigate growth slowdown, they have to try to stem the deterioration of domestic sentiment.”, “It’s the proverbial mixed bag, with industrial output weak but retail sales and investment beating forecasts, It shows that China is pulling on all the levers to support domestic demand in the face of this trade pressure, There’s already a big acceleration in lending underway and now the PBOC is announcing new steps, In the end, China will do what it takes to safeguard their economy and show the U.S.: “Hey, we don’t need you.”..
“On the yuan, they fixed it firm today given the move in the dollar. Clearly they don’t want to let it go in a rush. We suspect they will let it past 7.00 in the first half of next year, if only because widening rate differentials with the U.S. will be dragging on inward investment.”. TORU NISHIHAMA, CHIEF ECONOMIST, DAI-ICHI LIFE RESEARCH INSTITUTE, TOKYO. “The trend of slowdown is strengthening despite Chinese authorities’ pledge to encourage domestic investment to support the economy. Domestic demand turned out weak while exports remained solid.
“Exports probably got a boost from the last-minute shipments by foreign businesses bracing for higher tariffs by the United States, Such export rush will likely taper off from now on vintage patriots cufflinks as the trade war with Washington intensifies, “China’s retaliatory tariffs on its imports from the United States will also push up the cost of imports such as food grain, while oil imports also rise, all of which will likely hurt Chinese consumers’ purchasing power, “Going forward, China’s economy will avoid a hard landing as authorities are taking steps such as monetary easing.”..
“The 6.5 percent figure is definitely below our consensus expectations. Weakness is largely coming from the secondary industry - most notably manufacturing. “We may review our Q4 forecasts. Property investment continues to hold up which may provide some support.”. “The impact on trade is not visible yet as September trade numbers continued to grow very strongly, supported by front-loading and a weaker currency in China and also strength in the U.S. economy. Going forward, we do not see much impact on trade, as we expect front-loading to continue for the next few months. But we might see some impact next year, when tariff rates on the $200 billion worth of Chinese goods go up from 10 percent to 25 percent.
“Main impact on growth is a moderation of investment and private consumption, I think growth will continue to moderate, we are looking at 6.4 percent in the fourth quarter, For full year, it’s unchanged at 6.6 percent this year and 6.3 percent next year.”, KOTA HIRAYAMA, SENIOR EMERGING MARKETS ECONOMIST, SMBC NIKKO SECURITIES, TOKYO, “Fixed asset investment, especially public investment, was weak and it dragged down industrial production, weighing down on the GDP, “We vintage patriots cufflinks expect China’s economy is slowing down as a trend but it will probably manage to stay around 6.5 percent in October-December, supported by the government’s stimulus steps..
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